Bill PR43 explained in plain English
Richard Crosby Investments Limited Act, 2024
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 43rd Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This Act revives the corporation Richard Crosby Investments Limited to address outstanding tax matters.
This private bill revives Richard Crosby Investments Limited, a corporation that was voluntarily dissolved on June 30, 2023. The revival restores the corporation to its legal position as if it had not been dissolved, meaning it regains its property, rights, privileges, and franchises, and remains subject to its liabilities, contracts, disabilities, and debts. This revival is intended to allow for dealing with outstanding tax matters related to the corporation. The Act came into force on the day it received Royal Assent.
- Revives the corporation Richard Crosby Investments Limited.
- Restores the corporation to its legal position as it was before its dissolution.
- Ensures the corporation's property, rights, privileges, and franchises are restored.
- Confirms the corporation remains subject to its liabilities, contracts, disabilities, and debts.
- Makes the revival effective on the day the Act receives Royal Assent.
- Richard Crosby Investments Limited (corporation)
- Marilyn Sandler (applicant, former director)
- Persons or entities who acquired rights after the corporation's dissolution (their rights are subject to the revival)
- The Crown (in relation to tax matters)
- The corporation's property, rights, privileges, and franchises are restored.
- The corporation remains subject to all its liabilities, contracts, disabilities, and debts.
- The revival is subject to any rights acquired by any person after the corporation's dissolution.
- The corporation was voluntarily dissolved on June 30, 2023.
- The Act came into force on May 16, 2024, the day it received Royal Assent.
- The revival is intended to allow for dealing with outstanding tax matters relating to the corporation.
- The revival is subject to any rights acquired by any person after the corporation's dissolution, meaning these pre-existing rights will be maintained.
- The specific 'outstanding tax matters' are not detailed in the Act.
The corporation is brought back into legal existence and is restored to its previous legal status, rights, and responsibilities as if it had never been dissolved. This includes regaining its property and privileges while remaining liable for its debts and contracts.
Source: Section 1
The voluntary dissolution of Richard Crosby Investments Limited under this Act on June 30, 2023, is superseded by the revival of the corporation through this private bill.
Source: Preamble
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
No published representative vote breakdown
The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced